Archive for November 9th, 2011

Syncora Reports Class Action Suit Dismissed

Bermuda-domiciled Syncora Holdings Ltd. today [Nov.9] reported that a long-running US securities putative class action against Security Capital Assurance Ltd. — as the company was known at the time the lawsuit was initiated — and several former officers of the firm is now closed. The company’s motion for dismissal was successful and... Read more of this article

Angie Chu Joins Conyers Hong Kong Office

Conyers Dill & Pearman has announced the appointment of associate Angie Chu in Hong Kong as the Bermuda-headquartered international law firm further enhances its corporate finance capabilities in Asia. Prior to joining Conyers, Ms Chue was a senior solicitor at Duncan Cotterill in New Zealand. She was admitted to the High Court of New Zealand as... Read more of this article

Woman Injured In St David’s Accident

[Updated] At approximately 8.30am this morning [Nov.9] a woman was injured in a car accident on St David’s main road. Emergency personnel appeared to assist her in getting out of the car, and tended to her until the ambulance arrived to transport her to hospital. Police officers reduced traffic to a single lane while dealing with the emergency,... Read more of this article

Video: Latest Edition Of ‘Nexus’ Available

The latest issue of “Nexus” — now available at the Business Bermuda website — covers such topics as recent Bermuda Government’s assurances on extending tax neutrality, the island’s growing shipping registry and a US State Department report which once again places Bermuda in the lowest-risk category for money laundering... Read more of this article

Youth Sailors Brace For Heavy Winds

The wet and windy forecast is doing little to dampen the spirits of the Sandys Boat Club (SBC) as they get ready to host the 2011 Bermuda Open and National Championships this weekend along with the Bermuda Optimist Dinghy Association (BODA). 78 young sailors will be based at the west end club for three days starting this Friday. Regatta Chairman Martin... Read more of this article

$300 Million Super Yacht In Bermuda

Money may not buy you happiness — but it can buy you a super-yacht big enough to moor right alongside it. Measuring almost 450 feet, the superyacht “Serene” was spotted in Bermuda this week and is pictured here departing Hamilton Harbour yesterday afternoon [Nov.8] Work began on the yacht in 2007 — the ninth largest in the world... Read more of this article

S&P Grades Bermuda An ‘Intermediate Risk’

The Standard & Poor’s Ratings Services said today [Nov.9] it is assigning its Banking Industry Country Risk Assessment [BICRA] on Bermuda at group “3″. It is also assigning an economic risk score of “3″ and an industry risk score of “3″. “We have reviewed the banking sector of Bermuda [AA/Stable/A-1+]... Read more of this article

Day #1: 2011 World Rugby Classic Results

The opening night of the 24th World Rugby Classic was held last night [Nov.8] at the National Sports Center, and saw the New Zealand All Blacks and Britain’s Classic Lions both walk away with wins. New Zealand 39 – United States 0 New Zealand got on the board when Danj Brunson scored a Try, and when Caleb Ralph kicked the Conversion it made... Read more of this article

CD&P Wins Top Latin America Award

Bermuda’s Conyers Dill & Pearman has been named Best Offshore Law Firm for Latin American Funds at the HFM Week US Hedge Fund Services Awards 2011, held at Cipriani New York in October. The HFM Awards celebrate financial progress, growth and innovation. An independent panel of judges selects leading firms based on business strategy, growth,... Read more of this article

Endurance Launches US Bond Operation

Endurance Specialty Holdings Ltd., the Bermuda-based specialty provider of property and casualty insurance and reinsurance, today [Nov.9] announced that it has launched a new US bond operation, initially offering primary surety contract bond obligations to small construction contractors as well as court, license and permit bonds. This new business unit... Read more of this article

20 Teachers Achieve Cambridge Certification

The Ministry of Education announced the results of an internationally recognised certification programme which was taken by Primary and Middle School teachers earlier this summer. The Cambridge International Certificate for Teachers and Trainers was taken by 21 public school teachers in July. Twenty members of the group passed the certification course,... Read more of this article

Bermuda Rowers Compete In Tennessee

Bermuda was represented at the 2011 Head of the Hooch Rowing Championships in Tennessee this past weekend [Nov.5/6] by Ryan Worth and Michael Swain. The Head of the Hooch Regatta is a 5,000 meter [3.1 mile] head race on the Tennessee River ending at Ross’s Landing Park in Chattanooga, Tennessee. The second largest regatta in the country, the event... Read more of this article